Biden to sign USD 280 billion CHIPS act in bid to boost US over China | World News,The Indian Express
The President looks to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease US reliance on overseas supply chains for critical, cutting-edge goods.
President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost US competitiveness over China.
The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders, the White House said.
The President looks to highlight a new law that will incentivize investments in the American semiconductor industry in an effort to ease US reliance on overseas supply chains for critical, cutting-edge goods.
“We are going to invest it in America,” Biden said Friday.
“We’re going to make it in America. We’re going to win the economic competition of the 21st century in America.”
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